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B52T38

01/07/20 9:38 AM

#18504 RE: hemopure36 #18503

Very thorough and thought-out reply, Hemo, Thank You!

I'm a fan of your rational and well-reasoned, non-emotional replies, people like you make this board invaluable.

Hope CTSO keeps saving lives and rewards our patience!
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J G R

01/07/20 11:22 AM

#18511 RE: hemopure36 #18503

My question to you sir is Dr. Chan stated in the last presentaion he has hired 75 new employees for his marketing team, of which only 12 were sales reps. Can you tell the rationale behind that ?
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ranchhand71

01/08/20 6:07 PM

#18527 RE: hemopure36 #18503

Excellent insights. Thank you.
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techxen

01/08/20 9:46 PM

#18528 RE: hemopure36 #18503

Great write-up Hemopure. Might also add that a catalyst for direct sales in Switzerland will be the dedicated reimbursement code. From May of last year, Dr. Chan said that it was expected by the end of the year, so hopefully news on that front will be coming soon.

"Just to be clear, we have a procedural code now for CytoSorb, but it is not yet been assigned official reimbursement, right, so there is a dollar value that needs to be assigned to that procedural code and that has not happened yet, although we expect that to happen sometime in the next three to six months, typically year following the assignment of -- getting the code that it has reimbursement assigned to it. So, that is something that we believe will likely come online in this year.